A+
14%
Overall NAT. AVG.
6%
Goods & Services NAT. AVG.
33%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Sunland Park New Mexico National
Cost of living8693100
Goods & Services9497100
Groceries9697100
Health care8997100
Housing6786100
Transportation10395100
Utilities8890100

An Overview of Cost of Living in Sunland Park, NM

Knowing the cost of living in Sunland Park allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Sunland Park stands at 86, marking it 14% lower than the national average.

Is Sunland Park Affordable?

Wondering if Sunland Park is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Sunland Park, for example, the median home price is 29.5% lower than what folks pay nationally, and monthly rent is 39.6% lower than the usual rates. Plus, income levels matter too, with Sunland Park boasting a median household income of $33,342, which is 39.7% lower than the national average.

What Factors can Influence the Cost of Living in Sunland Park?

Healthcare: Healthcare expenditures and insurance premium rates can vary significantly, contingent upon the particular city or state. Factors such as the accessibility of healthcare facilities, out-of-pocket expenses for doctor's appointments, dental care charges, prescription medication costs, and expenses related to specialized medical care can all have an impact on the overall cost of living. In Sunland Park, healthcare costs are 10.9% lower than the national average.

Utilities: Much like any other costs, utility expenses can exhibit considerable variations, influenced by factors such as climate, available energy sources, geographic location and state regulations. The costs associated with electricity, water, heating, and waste disposal can vary significantly depending on the city or state in question. In Sunland Park, the utilities index stands at 12% lower than the national average.

Urbanization: Larger, urban areas boasting abundant amenities and robust employment prospects often exhibit a heightened cost of living, driven by the increased demand for services and residential relocation. Consequently, this leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural locales or regions marked by diminished demand typically offer a more limited range of amenities and experience slower job market expansion. This translates into a more affordable cost of living.

Where is the Data From?

The Sunland Park cost of living data you see above is sourced from the C2ER cost of living index, providing a practical and accurate means of comparing living expenses in urban areas. Updated quarterly, this index gathers data from over 300 independent researchers, covering more than 60 goods and services, in 6 different categories. These selections are made meticulously to represent a wide range of consumer expenditure categories. The weightings applied to cost differences are based on government survey data that tracks spending patterns among professional and executive households. It's important to note that while the C2ER index excludes data on sales or income tax rates, AreaVibes factors tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Sunland Park is 7% lower than the New Mexico average
  • The cost of living in Sunland Park is 14% lower than the national average
  • Sunland Park housing is 33% lower than the national average
  • New Mexico general sales tax is 2% lower than the national average
  • New Mexico state income tax is 35% lower than the national average

Most Affordable Places to Live in and Around Sunland Park

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Compare Sunland Park, NM Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$45,048$3,754$1,051$1,352
      Renters$19,396$1,616$453$582
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Sunland Park, NM, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Sunland Park homeowners, is $45,048. This would allow for a maximum of $1,051 per month to be spent on housing costs. For renters, the median monthly income is $19,396 which would result in a maximum of $453 to be spent on rental costs.

      New Mexico Sales Tax

      State General Sales Tax With Max Surtax
      New Mexico 5% 8.688%

      New Mexico Income Tax

      State Income Tax (Low) Income Tax (High)
      New Mexico 1.7% 5.9%

      Goods & Services

      Item Sunland Park National avg. Difference
      Haircut $18.67$24.2623.1%
      Beauty Salon $38.94$45.5614.5%
      Toothpaste $3.64$3.701.7%
      Shampoo $1.21$1.285.8%
      Movie $9.50$12.1321.7%
      Bowling $11.67$18.0035.2%

      Groceries

      Item Sunland Park National avg. Difference
      Ground Beef $5.68$5.842.8%
      Fried Chicken $1.57$1.570.2%
      Milk $4.53$4.673.0%
      Potatoes $4.55$4.937.9%
      Pizza $9.66$12.0920.1%
      Beer $10.31$10.410.9%

      Health Care

      Item Sunland Park National avg. Difference
      Optometrist $72.61$125.6842.2%
      Doctor $96.89$135.7828.6%
      Dentist $90.94$113.2919.7%
      Ibuprofen $10.30$10.653.3%
      Lipitor $483.94$468.603.3%

      Housing

      Item Sunland Park National avg. Difference
      Home Price $130,200.00$184,700.0029.5%
      Avg. Mortgage Payment $1,603.62$2,346.6931.7%
      Apartment Rent $573.00$949.0039.6%

      Transportation

      Item Sunland Park National avg. Difference
      Gasoline $2.97$3.4614.3%
      Tire Balancing $45.89$59.9223.4%

      Utilities

      Item Sunland Park National avg. Difference
      All Electricity $197.18$193.991.6%
      Phone $208.71$192.258.6%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      La Union, NM9078019.8%
      Canutillo, TX4,9688218.0%
      Westway, TX3,3658218.0%
      Anthony, NM9,2838218.0%
      Vinton, TX1,6928317.3%
      Sunland Park, NM17,5818613.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Tinton Falls, NJ17,58413534.7%
      Kingstowne, VA17,58515252.1%
      Cinco Ranch, TX17,58812726.8%
      Tillsonburg, ON17,594n/a 
      Greenfield, CA17,56513433.8%
      Sunland Park, NM17,5818613.6%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.